Microsoft has inked a renewable energy deal with Brookfield Asset Management with hopes of powering its artificial intelligence (AI) goals.
The tech giant, renowned for its cloud computing prowess, has committed globally. It is set to support the creation of a staggering 10.5 gigawatts of renewable energy capacity worldwide.
According to reports, the project will cost roughly $11.50 to $17.00 billion to construct that new capacity, presumed to operate between 2026 and 2030.
Also, this monumental effort aims to power its AI strategies and climate objectives and significantly impact the global energy landscape.
Meanwhile, the global alternative asset manager said the agreement authorizes it to invest in new renewable energy projects in the US, Europe, Latin America, Asia, and the Pacific.
Microsoft pledged to match 100% of its electric use with carbon-free energy purchases by 2030. Thus, recently signed agreements would assist the firm in fulfilling its ambitions.
However, the Canada-based company recognizes that energy purchases are partly a response to the escalating worries of how to power the ambitious AI experiences firms pitch to users and investors.
Meanwhile, Microsoft and Brookfield have refused to verify the deal’s amount. Yet, the asset manager company shared ways to address the tech giant’s energy needs through wind, solar, and carbon-free energy generation technologies.
Nadella Reveals AI and Cloud Investment Plans of Microsoft
On Thursday, Microsoft unveiled a strategic move to invest $2.20 billion in Malaysia over the next four years.
This investment is a financial decision and a strategy to bolster its cloud and AI services, demonstrating the company’s forward-thinking approach.
Microsoft noted that its initiatives will generate cloud and AI infrastructure, build AI-skilling opportunities for 200,000 people, and back Kuala Lumpur’s developers.
Moreover, the firm’s CEO, Satya Nadella, said they want to ensure that Malaysia has world-class infrastructure from which every organization and start-up can benefit.
The cloud tech giant will also work with the Malaysian government to create a national AI Center of Excellence and boost the country’s cybersecurity power.
